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Linde India (BOM:523457) E10 : ₹37.63 (As of Dec. 2024)


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What is Linde India E10?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Linde India's adjusted earnings per share data for the three months ended in Dec. 2024 was ₹13.640. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹37.63 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Linde India's average E10 Growth Rate was 16.00% per year. During the past 3 years, the average E10 Growth Rate was 1.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Linde India was 1.10% per year. The lowest was 1.10% per year. And the median was 1.10% per year.

As of today (2025-03-26), Linde India's current stock price is ₹6328.45. Linde India's E10 for the quarter that ended in Dec. 2024 was ₹37.63. Linde India's Shiller PE Ratio of today is 168.18.

During the past 13 years, the highest Shiller PE Ratio of Linde India was 278.39. The lowest was 27.74. And the median was 129.18.


Linde India E10 Historical Data

The historical data trend for Linde India's E10 can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Linde India E10 Chart

Linde India Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Mar24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 32.70 29.10 29.37 33.75

Linde India Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
E10 Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 32.62 33.75 34.70 36.29 37.63

Competitive Comparison of Linde India's E10

For the Specialty Chemicals subindustry, Linde India's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Linde India's Shiller PE Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Linde India's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Linde India's Shiller PE Ratio falls into.


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Linde India E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Linde India's adjusted earnings per share data for the three months ended in Dec. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=13.64/158.3229*158.3229
=13.640

Current CPI (Dec. 2024) = 158.3229.

Linde India Quarterly Data

per share eps CPI Adj_EPS
201309 1.170 91.042 2.035
201312 6.520 91.425 11.291
201403 -0.060 91.425 -0.104
201406 -0.200 94.103 -0.336
201409 0.120 96.780 0.196
201412 0.770 96.780 1.260
201503 1.690 97.163 2.754
201506 0.460 99.841 0.729
201509 0.040 101.753 0.062
201512 0.560 102.901 0.862
201603 0.960 102.518 1.483
201606 -0.290 105.961 -0.433
201609 -0.640 105.961 -0.956
201612 1.070 105.196 1.610
201712 1.900 109.404 2.750
201806 0.620 111.317 0.882
201812 2.110 115.142 2.901
201903 4.170 118.202 5.585
201906 2.360 120.880 3.091
201909 4.330 123.175 5.566
201912 74.400 126.235 93.312
202003 4.580 124.705 5.815
202006 2.320 127.000 2.892
202009 4.160 130.118 5.062
202012 6.660 130.889 8.056
202103 35.560 131.771 42.726
202106 8.500 134.084 10.037
202109 7.460 135.847 8.694
202112 7.950 138.161 9.110
202203 7.490 138.822 8.542
202206 20.150 142.347 22.411
202209 10.660 144.661 11.667
202212 12.900 145.763 14.012
202306 11.710 150.280 12.337
202309 12.750 151.492 13.325
202312 14.080 152.924 14.577
202403 12.360 153.035 12.787
202406 13.330 155.789 13.547
202409 12.480 157.882 12.515
202412 13.640 158.323 13.640

Add all the adjusted EPS together and divide 10 will get our e10.


Linde India  (BOM:523457) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Linde India's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=6328.45/37.63
=168.18

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Shiller P/E Ratio of Linde India was 278.39. The lowest was 27.74. And the median was 129.18.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Linde India E10 Related Terms

Thank you for viewing the detailed overview of Linde India's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Linde India Business Description

Traded in Other Exchanges
Address
P43 Taratala Road, Oxygen House, Kolkata, WB, IND, 700 088
Linde India Ltd is a manufacturer of industrial gases. It operates in two segments: Gases and Related Products, which comprises pipeline gas supplies (Onsite) to large industrial customers, mainly the steel, glass, and chemical industries; and Project Engineering, which includes design, engineering, supply, installation, testing, and commissioning of Air Separation Plants and related projects on turnkey basis. The majority of its revenue comes from its Gases segment from the domestic market.

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